Advanced Options of the Confidence Interval

Advanced Options of the Confidence Interval - Autostop Method

Advanced options of the Confidence Interval - Autostop method are as follows:

Confidence Level: Determines the confidence interval for the output standard deviation considered by the stopping criteria.
Increasing Confidence Level results in increased number of points simulated.
The following figure shows that the Monte Carlo run stops automatically after simulating 567 points for Stop Percentage 2% and Confidence Level 98.
Confidence Sigma: Determines the range of output variations considered by the stopping criteria.
Increasing Confidence Sigma results in decreased number of points, whereas decreasing Confidence Sigma results in increased number of points.
The following figure shows that the Monte Carlo run stops automatically after simulating 803 points for Stop Percentage = 2%, Confidence Level = 98, and Confidence Sigma = 2.5.